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The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth this year to 6.05 percent, which would be the highest level since 2011, as strong exports and investments offset slow growth in private consumption. The agency previously forecast that the economy would expand 5.84 percent this year. The latest forecast was slightly lower than the 6.09 percent growth forecast by the Directorate-General of Budget, Accounting and Statistics (DGBAS). The CIER forecast that the economy would grow 3.67 percent next year, which would mark the fourth consecutive rise of more than 3 percent. The forecast is lower than ....
CIER raises GDP growth forecast to 4.8% POSITIVE PREDICTIONS: Private investment could grow 4.38% this year as tech firms adjust to an increase in demand, while private consumption is expected to rise 5.08% By Crystal Hsu / Staff reporter The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth this year to 4.8 percent, an increase of nearly 30 percent from an earlier projection, as exports continue to gain traction while domestic demand continues to recover from the COVID-19 pandemic. The Taipei-based think tank, which projected 3.73 percent growth in December last year, said that the economy has chance of expanding 5 percent if uncertainty clears up. ....